MGM Energy Corp MGMCF

A shift to LNG is under “serious” consideration

[glacierman]

Great news from Imperial. This could give our SP a much needed boost. Imperial is considering LNG as an alternative to the MVP.

https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/imperial-oil-weighs-mackenzie-gas-project-revamp/article14918587/

[SmallBet]

I heard this am on the news, that Canada & China have come to an "agreement" on the growth and developmetn in trade of Natural Resources.  i haven't seen any article on it yet, but could be a tie in...

[glacierman]

I missed that news - darn.    It's probably the FIPA agreement (Foreign Investment Promotion and Protection).  I remember that a BC First Nations band challenged it in court and lost recently.      It will give China the abillity to sue for damages if, for example,  the BC gov't prevents the Northern Gateway from being built.  

[glacierman]

I stand corrected. It looks like a seperate China-Alberta deal. This is good but a Federal deal would be even sweeter. https://www.ctvnews.ca/business/alberta-and-china-sign-non-binding-energy-development-deal-1.1503039

[johncalgary]

That is sweet

[geodude13]

Maybe the LNG will just be coming out of the Delta...the Northern Passage was used successfully this summer for transporting iron ore.  Why build a major pipeline at all may be just tie in the Beaufort delta assets and exploit those first.  MGM has a ton of land up there too still. Regards,

[geodude13]

Back up article: https://www.theglobeandmail.com/news/british-columbia/bulk-carrier-becomes-first-to-successfully-traverse-northwest-passage/article14516278/

[geodude13]

Sorry....it was a coal shipment not iron ore.  Regardless, openning up the Delta is becoming more likely in light of the issues relating to sea ice thickness and shrinking ice cap.  Ideally this could work as an inpediment to transporting NGL or oil to the north but the current government is looking at everything. This New Brunswick anti-fracking blockade is something to be watched

[glacierman]

Welcome back to the board Geodude.  The First Nation issues are real but I feel that the slow pace of development and a healthy dose of community consultation should keep the lid on any protests. Here's what the former premier of the NWT had to say: "Nellie Cournoyea, chair and CEO of the Inuvialuit Regional Corporation and former premier of the Northwest Territories, said all the